That was according to Finance minister Rick Hou.
Table the Customs and Excise (Amendment) Bill 2012 in parliament last week, Hou said adopting the Harmonise Cording System (HS 2012) will greatly enhance the work of customs department.
“It would ensure proper dealing with trade related issues such as the classification of exported and imported materials,” the minister said.
Mr Hou said the changes will improve the administration of the tariff, excise and export regimes that will strengthen government revenue and will contribute to the development of the country.
“The ability to implement and maintain a system that facilitates trade, and is compatible with international systems and standards is therefore most essential to our country.”
The minister said it is the intention of the government to see this amendment passed in parliament.
Supporting the Bill, Opposition MP Manasseh Sogavare said the country needs to move with the global changes.
“With technology and products become accessible across countries, our development policies must be geared towards making Solomon Islands a competent participant in the global investment market,” Sogavare said.
By Elliot Dawea
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